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In this paper we examine the role of syndicated loan markets in financial market development in 24 European countries. We find credit spreads to be negatively related to market size in small markets and positively related in large financial markets. Syndicated loans play a different role in...
Persistent link: https://www.econbiz.de/10013158058
We study the role of the bank-lending channel in propagating fluctuations in commodity prices to credit aggregates and … transmission of changes in international commodity prices to domestic bank lending. Identification relies on a bankspecific time …-varying measure of bank sensitivity to changes in commodity prices, based on daily data on bank stock prices. We find that a fall in …
Persistent link: https://www.econbiz.de/10011797273
moral hazard model in which the bank's incentive to mitigate political risk is highest with a non-recourse project finance …
Persistent link: https://www.econbiz.de/10013148757
Persistent link: https://www.econbiz.de/10012392247
We analyze the impact of monetary policy on bilateral cross-border bank flows using the BIS Locational Banking …-border bank flows. In addition, we find evidence in favor of a cross-border bank portfolio channel. As relatively tighter monetary …
Persistent link: https://www.econbiz.de/10011967372
bank-level dataset to assess at a quarterly frequency how changes in the U.S. Federal funds rate (before the crisis) and … the existence of a potent global bank lending channel. In response to changes in U.S. monetary conditions, U.S. banks … strongly adjust their cross-border claims in both the pre and post-crisis period. However, we also find that U.S. bank …
Persistent link: https://www.econbiz.de/10011336667
This paper examines whether bank ownership (public versus private, domestic versus foreign) is correlated with bank … bank managers; evidence is found in support of the former hypothesis. In the case of foreign-owned banks, the paper finds …
Persistent link: https://www.econbiz.de/10002824352
Patterns in cross-border banking have changed since the global financial crisis. This may affect domestic bank market … modes of cross-border banking impact bank concentration. I use a two- country general equilibrium model with heterogeneous … banking sector on bank market structures. The model suggests that both cross-border lending and bank FDI mitigate …
Persistent link: https://www.econbiz.de/10010221763
global factors driving cross-border bank flows, alongside country-specific factors. It confirms the explanatory power of US … financial conditions, with flows decreasing in market volatility (VIX) and term premia, and increasing in bank leverage, growth … frameworks and better bank regulation, but less so for flows to non-financial firms …
Persistent link: https://www.econbiz.de/10013053045
This paper studies the determinants of global liquidity using data on cross-border bank flows, with a longer time … liquidity is driven primarily by uncertainty (VIX), US monetary policy (term premia), and UK and Euro Area bank conditions … more stringent bank regulation …
Persistent link: https://www.econbiz.de/10013054284